ERHC Energy Inc (ERHE)

[midtieroil]

You really think ERHC management blames us for the failed rights offering? They completely botched that too. They didn't get the largest shareholder on board. They didn't backstop it. They somehow screwed up in California so shareholders there could not participate. They treat shareholders like crap for years by not having shareholder meetings or conference calls. Their communications are lousy. And despite all that they expected us to invest more anyway?

They must have mispriced it too because plenty are buying now.

To top it off we still don't really know why Chrome didn't participate. I still think the money was sent but the wire transfer was blocked.

To this day nobody has answered the question of who, other than Chrome, would ERHC have delayed the rights offering for weeks while waiting for a wire transfer. To me the answer is obvious.

To me it is also obvious that they intentionally hid things about this offering from us that they should have disclosed. And the same can be said about everything they do. Do you think this lack of trust and openness played a major role in the failed rights offering because certainly I do.

They botched this beyond belief which led to the CDs. Yet another HUGE blunder. How many chances do these guys get before they are held accountable?